financial-statement-samples-and-templates by skitzer

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									  Financial Statement
Samples And Templates

                   By Shaunta Pleasant




         Your Businesses Financial Statements
       are the means by which you will be able to
          communicate your information to the
                 perspective investors.



The Three Financial Statements That You Should Use Are:

                  Income Statement

               Balance Sheet Statement

                 Cash Flow Statement
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Business Plan & Start Up Newsletter is broken down into two business formats
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write a Business Plan that will work for your business.

 We will throw in some free business tidbits that you can order or download
from the Net that will be very valuable for you and your business.

Business Plan & Start Up Newsletter is for people that are Absolutely Fed Up
with working for someone else. They have worked for someone else for a
while now; they are ready to get started on developing their own business. And
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 TL Manage, Inc.

PO BOX 435
St. Louis, MO 63032
314-837-1392

http://www.tlmanage.com
http://www.yourbusinesspal.com
http://www.business-plan-made-easy.com

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This manual purpose is to provide accurate and authoritative information on the
topics covered. It is sold with the understanding that neither the author nor the
publisher is engaged in rendering legal, financial, accounting or other
professional services. Neither TL Manage, Inc. nor the author assumes any
liability resulting from actions taken based on the information included herein.
Mention of a person or a company name does not constitute endorsements.

Reproduction or translation of any part of this work by any means, electronic or
mechanical, including photocopying, beyond that permitted by the Copyright Law,
without the permission of the publisher, is unlawful.




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Finding And Using Sample
Financial Statements

When it comes to getting a new business off the ground, the right
sample financial statements can be a huge time and money saver.

Finding the right sample financial statements can make the job of
preparing a cash flow analysis, an income statement, a balance sheet,
a mission statement and a business plan a great deal easier and less
time consuming.

Using Your Spreadsheet Program Or Financial Package

Of course the first step is to find such sample financial statements, and
there are a number of places to start the search. One of the best
places to start looking for sample financial statements is within your
existing spreadsheet program or financial package.

Many of these software packages come with sample financial
statements pre-installed, so finding the perfect sample financial
statements may be as simple as opening the programs and choosing
the template you like best.

The Internet Is A great Source Of Sample Financial Statements

If you are not lucky enough to have lots of sample financial statements
already installed and waiting for you, chances are good that those
sample financial statements exist somewhere on the internet.

There are a great many of these sample financial statements available
easily on the web, so it definitely pays to check online.

Make Sure The Sample Is Compatibles With Your Software

When downloading one of these sample financial statements, however,
it is important to make sure that the ones you choose are compatible
with the spreadsheet or financial software you use.




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This compatibility will make those sample financial statements much
easier to change and work with.

Personalizing The Sample Financial Statement To Meet Your
Needs

After the right sample financial statements have been downloaded, it
is important to take a close look at those sample financial statements
in order to make any changes that may be necessary.

It is very unlikely that no revisions will be needed, and it is important
to review each line to see if it needs to be retained or removed.

Not every business will need every line item on the sample financial
statements you find, so it is a good idea to simplify the form as much
as possible.

It may also be necessary to add some line items to the sample
financial statements in order to cover additional expenses or revenue
items that are not included on the sample form.

The goal should be to customize those sample financial statements in
order to make them powerful yet simple to use.




                                    5
Finding The Perfect Sample
Income Statement For Your
Business

There are many important things the owner of a small business must
do, but a sample income statement can make the process of financing
and running the business a great deal easier and more precise.

Some of the many things a sample income statement can help with
include determining where best to focus one’s energies, determining
which product lines are most successful, gauging the effectiveness of a
marketing campaign, and determining how best to cut expenses.

Customizing The Sample Income Statement To Meet Your
Needs

Finding and using such a sample income statement is an important
part of business planning, and one that every business owner should
take a good look at.

It is important for the sample income statement to include a number
of important elements, and it is also important for the owner of the
business to customize it to meet his or her own needs.

After all, finding the perfect sample income statement is only part of
the battle. The rest involves customizing the sample income
statement to meet the unique needs of your own business.

One Of The Best Places to Start The Search Is Online

Finding the sample income statement is the first step, and one of the
best places to start the search is online.

The internet is full of web sites designed to meet the unique needs of
small business owners, and these web sites can be very helpful when it
comes to finding the perfect sample income statement, which can then
be customized as you see fit.



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Add Or Remove Items As Needed

After you have found the perfect sample income statement, it is
important to look at the line items it contains in order to determine if
any items need to be added.

Some businesses may have additional income and expense items not
listed on the sample income statement, so it is important to add those
elements if need be. In some cases, the sample income statement
may include one or more line items that are not needed.

If this is the case those line items can safely be removed from the
sample income statement. The goal is to use the sample income
statement to create a useful document that is complete yet still simple
to use.




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Income Statement Template



                     Income Statement Sample
                   For the Month Ended_______.
Revenue
Commissions Earned                               $3,500
Expenses

Equipment Rental Expenses                        $1,000
Wages Expenses                                      400
Utility Expenses                                    300
Total Expenses                                   $1,700
Net Income                                       $1,800




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Income Statement Template


                   Income Statement Template
                  For the Month Ended_______.
Revenue
Commissions Earned
Sales
Revenue
Expenses
Equipment Rental Expenses
Wages Expenses
Utility Expenses
Total Expenses
Variable Expenses
Fixed Expenses
Profits/Loss
Tax Owned
Net Income

Your Income Statement Template is a great starting point to figure out
what you need to do to complete your Income statement.




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Can A Balance Sheet Sample
Help Your Business?


There are many important documents one must have when starting up
a new business, but the balance sheet sample is one of the most
important.

Without this balance sheet sample it can be very difficult to keep track
of expenses, determine which product lines are most profitable or do
any of the other functions associated with running a successful
business.

Places To Find A Valuable Balance Sheet Sample

Fortunately for those who are in need of a balance sheet sample there
are many different samples of many different balance sheets available,
from a wide variety of sources.

One of the easiest and most convenient places to find such a balance
sheet sample is on the internet.

Anyone who has ever been on the internet no doubt already knows
how much valuable information is contained there, but they may not
know that much business information, such as quality balance sheet
samples, is available online as well.

Using A Balance Sheet Sample That Is Similar To The Type Of
Business You Have

When choosing and downloading a balance sheet sample, it is a good
idea to find one that is closely related to your own business.

For instance, those business owners who plan to run a retail store may
want to look for a balance sheet sample from another retail operation,
while those who plan to open a construction business may want to look
for a balance sheet sample related to the construction agency.




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The reason for taking the time to find such an appropriate balance
sheet sample is obvious.

If the balance sheet sample you download was written with a specific
type of business in mind, chances are good that it will already contain
many of the categories you need.

This will in turn make it a great deal easier to customize the balance
sheet sample to fit the needs of your own business.

Customizing The Balance Sheet Sample To Fit Your Needs

This customization is of course an important part of using a balance
sheet sample.

It is important that the balance sheet sample you choose be
customized to include all of the various categories of expense you
expect to encounter in the course of running the business.

It is also important to add any additional product lines or revenue
streams to the balance sheet sample you find.

It is important for the balance sheet sample to be detailed enough to
include all the information you need to capture, without being so
detailed that it becomes too difficult or complicated to use.




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Balance Sheet Template



                     Sample Business Plan
                   Balance Sheet Template
                 For the Month Ended ______.
Right Side                    Left Side

Current Assets                Current Liabilities

Fixed Assets                   Long Term Liabilities

Other Assets                  Shareholders Equity




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Balance Sheet Template



                         Sample Business Plan
                        Balance Sheet Template
                   For the Month Ended __________.
Assets                              Liability




Current Assets         $_______     Current Liabilities   $_______

(Cash)

                                    Accounts Payable       $_______

Petty Cash             $_______

                                    Notes Payable          $_______

Accounts Receivable    $_______

                                    Interest                $_______

Inventory               $_______

                                    Payable                 $_______

Short Term Investments $______

                                    Taxes Payable          $_______

Prepaid Expenses       $_______

                                    Federal Income
                                    Taxes
Long Term Investments $______       $_______




Fixed Assets (Land)    $______      State Income
                                    Taxes



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                                    $_______

Buildings              $_______

                                    Self Employment
                                    Tax                      $_______
Improvements           $_______


                                    Property
Equipment              $_______     Tax
                                    $_______



Furniture              $_______         Payroll Accrual     $_______


                                    Long Term Liabilities   $_______
Automobile / Vehicle   $______


                                    Notes Payable           $_______
Other Assets


                                    Total Liabilities       $_______
1.                      $_______

                                    Net Worth
                                    (Owner Equity)          $_______
2.                      $_______


                                    Proprietorship           $_______
3.                      $_______
                                    or

                                    Partnership             $_______
4.                      $_______
                                    or

                                    Corporation              $_______
5.                      $_______


                                    Capital Stock            $_______
6.                      $_______




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                              Surplus Paid In              $_______

7.                $_______

                              Retained Earnings            $_______

8.                $_______

                              Total Net Worth              $_______
                              Total
Total Assets   $_______
                              Liabilities       $_______




                             15
Finding The Best Cash Flow
Example


Finding the perfect cash flow example can be one of the most difficult
parts of putting together a quality business plan and similar business
related documents, but fortunately there is plenty of help available to
those who need it.

There are many places, both on the internet and off, where
information on how to prepare and change a cash flow example can be
found, and it is important that all business owners become familiar
with how to find and use the best cash flow example.

The Internet Is A great Place To Start your Search

One of the best places to start the search for the perfect cash flow
example is on the internet.

With more and more business owners being internet savvy, many of
these business owners are learning how to use the web for all kinds of
business planning activities. Finding the right cash flow example is
just one of these activities.

There are many web sites which cater to the needs of small business
owners, and these web sites can often provide an excellent cash flow
example for the asking.

Newsgroups Email List And Blogs

In addition to these web sites, there are a number of excellent
newsgroups, email lists and blogs which allow owners of small
businesses to meet and discuss how best to find and prepare the best
cash flow example.

It is important for business owners to take advantage of these
resources in order to provide the best information in the shortest
amount of time.



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Using A Cash Flow Example From Similar Industries

When choosing a cash flow example it is often a good idea to choose
one from a business in the same or a similar industry.

Even though many elements in a cash flow statement will be the same
no matter what the industry, others may be specific to that particular
industry.

Choosing a cash flow example from your own industry will help
eliminate any issues and make rewriting the statement a great deal
easier.

Customizing The Cash Flow Example To Fit the Needs Of Your
Business

After the perfect cash flow example has been found it is important for
the business owner to customize that cash flow statement to his or her
own needs.

No two businesses will have the same type of needs, and it is
important to customize any cash flow example you find to reflect the
needs of your own business.

This may require adding items to, or removing items from, the cash
flow example you find in order to produce a document that more
accurately reflects your own company.




                                  17
Cash Flow Example



                 Cash Flow Example Statement
           Statement For the Month Ended_________.

Cash Receipts                     Month 1   Month 2   Month 3
Sales
Loans
Investments
Total Receipts
Disbursements
Salaries
Advertising
Insurance
Other
Total Disbursements
Total Receipts (Less)
Total Disbursements




                             18
Cash Flow Template



                     Business Plan Sample
                 Sources of Cash Flow Template
           Statement For the Month Ended_________.
Sales
Loans
Equity Investment
Uses of Cash
Expenses to be Paid
Start Up Cost
Balance
(Monthly cash receipts minus monthly
accounts Payable)
Other Factors
Seasonal
Return (s)
Payment Terms




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Cash Flow Template



                      Cash Flow Template
           Statement For the Month Ended_________.
                                    Estimated   Actual
Cash On Hand
(Beginning of the Month)
Cash Receipts
Cash Sales
Collections From Credit Accounts
Loans
Other
Total Cash Receipts
Total Cash Available
Cash Paid Out
Gross Wages
Payroll Expenses
Outline Services
Office Supplies
Operating Supplies
Repairs and Maintenance
Advertising
Car
Delivery
Travel
Accounting
Legal
Rent
Telephone
Utilities
Insurance
Taxes
Interest
Other
Miscellaneous
Subtotal
Loan Principal Payment
Capital Purchase



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Start Up Cost
Reserve and/or escrow
Owner's Withdrawals
Total Cash Paid Out
Cash Position
Essential Operating Data (non Cash
Flow information)
Sales Volume
Accounts Receivable (end of the
month)
Bad Dept (end or the month)
Inventory (end of the month)
Accounts Payable (end of the month)
Total Cash Flow




                                      21
Do You Think A Business Plan Will Help
Your Business Advance To The Next Level?

Most people assume that it is difficult to prepare a business
plan. Nothing could be further from the truth. It is easy to do...

Writing your business plan is one of the most important aspects of starting
your business in today's ever changing business environment…

                                Your business plan can help with;

                                Saving on accounting fees...

                                Saving on attorney fees...

                                How can your business plan help with some of
                                these fees?

                                Well, with a properly prepared business plan it
                                will point you in the right direction to help you
                                avoid overpaying those fees...

But, what are the steps you need to take to get your business plan written
in a manner for a lender to give you a second look?

These steps will be included in your Financial Strategy...

Your business plan can provide potential lenders with details that may help you
with getting financed.

So how do you get started?

So many entrepreneurs are jumping into business ownership without first
planning their new venture. A business plan is one of the first things you will need
to write before you get to far alone into business ownership.

How To Write A Business Plan… Made Easy
Everything banks, lenders and the SBA look for! Produce your business plan
quickly and easily... For entrepreneurs and small-business owners.

http://www.business-plan-made-easy.com


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